Hasbro expects to source only 50% of products from China by the end of 2020
Hasbro hopes to have only 50% of its products coming from China by the end of 2020.
China has long been an important country for manufacturing toys: 67% of Hasbro's products sold in the U.S. came from there last year. "We're increasingly spreading our footprint and adding new geographies for production globally," Hasbro CEO Brian Goldner said during an earnings call Tuesday. "That includes new production in India and Vietnam."
The company also sourced 20% of its products sold in the U.S. from American manufacturers during the year. Hasbro hopes to have only 50% of its products coming from China by the end of 2020.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stocks making the biggest moves premarket: Coca-Cola, Travelers, Biogen, Hasbro, Apple & moreThese are the stocks posting the largest moves before the bell.
Leer más »
Starbucks' China rival Luckin Coffee plans first foray overseasStarbucks' Chinese challenger, Luckin Coffee , plans to open coffee shops i...
Leer más »
Trump's choice: Yield to China or raise trade tariffs and pave the way for Fed's easingTariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.
Leer más »
U.S. Investment in African University Fails as China AdvancesThe failure of a university project in Ghana marked a high-profile setback for U.S. government efforts to counter China’s growing investment influence in Africa.
Leer más »
'Tomb Raider' Actor Simon Yam Stabbed at Event in ChinaYam, who has appeared in more than 125 movies and 40 television series, played the villain Chen Lo in the 2003 film 'Lara Croft Tomb Raider: The Cradle of Life.'
Leer más »
China says Xinjiang 'inseparable' despite attempts to distort historyThe far northwestern region of Xinjiang is an 'inseparable' part of Ch...
Leer más »